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re: La Flood Recovery Funds - RESTORE

Posted on 4/3/17 at 2:30 pm to
Posted by ell_13
Member since Apr 2013
85337 posts
Posted on 4/3/17 at 2:30 pm to
There's a distinction where we are talking about a real natural disaster. Sandy hitting the northeast was more likely than this flood. Two hurricanes the size of Rita and Katrina hitting in the same year were more likely than this flood. Should I have had insurance? Hindsight says yes, of course. But I don't have earthquake insurance either. Do you?

As for getting "bailout" money... I didn't "qualify" for much of it. Apparently, because I didn't have 10 kids, went to college and found a good job, and don't live above my means, I'm in too good of a situation for government help. And maybe I am. Thanks for friends and family and because we were smart enough to have a decent savings account, we aren't hurting like many other people. But I still owe a lot of money. Even on top of all that help and everything we did ourselves...
Posted by Tiger Prawn
Member since Dec 2016
22072 posts
Posted on 4/3/17 at 2:42 pm to
I'm all in favor of low interest federal disaster assistance loans to help people who didn't have flood insurance or had losses that weren't covered because they underinsured or left off contents coverage.
I'm just against the grants that don't have to be paid back. Feds give out all this grant money to people who don't buy flood insurance, but then seems like every April 1, they're looking to raise flood insurance rates on everyone who's paying into the system.
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